Sensex surged 267 points as Reliance and Infosys took over the market.
Stock Market: Periods of volatility in the domestic stock market are observed by buying shares of companies like Reliance Industries, Infosys etc. The stock market saw a rally on Wednesday with the BSE Sensex rising over 267 points due to buying in these companies. The 30-share BSE Sensex gained 267.75 points, or 0.36 per cent, to close at 74,221.06. It had risen as high as 354.48 points during one-time trade. BSE Sensex rose 52.63 points and NSE Nifty 27.05 points on Tuesday. Meanwhile, the NSE's Nifty gained 68.75 points, or 0.31 per cent, to close at 22,597.80. Among Sensex stocks, top gainers were Hindustan Unilever, Reliance Industries, Infosys, Asian Paints, ITC and Ultratech Cement. On the other hand, losers included State Bank of India, JSW Steel, Axis Bank, ICICI Bank, Tata Steel and Tata Motors. With South Korea's Cospi, Japan's Nikkei and Hong Kong's Hong Kong all in losses, how did the rest of Asia fare? Major markets in Europe were bearish in afternoon trade. Wall Street led the way on Tuesday. Global oil benchmark Brent crude was down 0.84 percent at $82.18 a barrel. Foreign institutional investors sold shares worth Rs 1,874.54 crore on Tuesday, according to stock market data. Strong interest in Post Office's RD scheme, bumper return on investment of Rs 3000. Vinod Nair, head of research at the Federal Reserve, said before the Federal Reserve's data was released that the U.S. At the Federal Reserve meeting, a positive attitude was observed in the Indian market. Investors are optimistic about companies' fourth-quarter results and less uncertainty surrounding elections. He said that with the expectation of early monsoon, interest in FMCG companies has increased. However, the market's performance will be subdued in the short term as it awaits election results. FIIs maintain distance from the market. The market capitalization of BSE listed companies crossed five trillion dollars for the first time.